Monitoring, Evaluation, Accountability and Learning
Introduction: Why do we need “MEAL” for FbF?
Forecast-based Financing (FbF) is a relatively new concept with potential to reduce disaster impacts through increased use of available science to inform preparedness decision making. Since FbF is in its early stages of implementation, monitoring, evaluation and learning are crucial to measure the effectiveness and success of the approach.
Every FbF project should be built on a comprehensive strategy for Monitoring, Evaluation, Accountability and Learning (MEAL) to inform the project design and implementation with the knowledge and evidence it generates. Therefore, it is recommended to review this document early in the project design phase.
The target audience of this guide are FbF implementers, irrespective of whether they are Red Cross Red Crescent National Societies, government institutions, civil society organizations, individual implementing agencies, or funding providers.
Purpose of this guide
The purpose of this short document is to provide a holistic perspective on the different elements that make up the FbF MEAL framework, and to help FbF implementers to think through and answer the following questions, by providing concrete guidance and references to further resources:
1. What does "success" mean for an FbF intervention, and how can it be planned for strategically?
2. How can this be captured in a theory of change?
3. How can we track progress towards achieving operational goals?How can we measure the effectiveness and beneficiary impact of FbF implementation?
4. What is the cost-benefit relationship of a specific FbF action?
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